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NZD slightly on the back foot ahead of the....>

FOREX
FOREX: NZD slightly on the back foot ahead of the RBNZ monetary policy decision,
with the Bank widely expected to leave its Official Cash Rate unchanged. The
release of New Zealand's trade data, which revealed a slightly wider than
expected deficit, has been ignored by the kiwi so far.
- Elsewhere, price action across the G10 FX space has been very subdued. DXY has
ticked away from yesterday's lows, even as the opening of an impeachment inquiry
of U.S. President Trump retain the spotlight.
- U.S. new home sales, French consumer confidence and Norwegian AKU unemployment
figure on today's data docket. BoJ's Masai, ECB's Coeure and Lautenschlaeger,
Riksbank's Floden, BoE's Carney, as well as Fed's Evans, George and Brainard
will all make addresses. Save for the RBNZ, Thailand's central bank also
delivers its MonPol decision.

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